Private Equity
The retirement fund is seeking private equity managers across buyout/special situations, growth equity and venture capital managers.
The plan also terminated an international small-cap equity manager for performance reasons.
The retirement plan was notified of five commitments totaling roughly $1 billion last week.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The pension plan also hired a manager to handle a customized treasury mandate.
The foundation is seeking an investment consultant to advise its investment portfolio as it also explores increasing its private equity and debt allocations.
The retirement system will commit $150 million across the two asset classes next year.
The system approved an infrastructure commitment with a new manager alongside buyout and venture commitments with existing managers within its endowment this month.
The retirement system committed to an existing private equity manager relationship in the second quarter.